World Business News

After the big cut in the interest rate by the Australian Central Bank, Asian markets started showing signs of life. Main indices in South Korea, Taiwan, and Singapore all edged higher reacting positively to this bold move. RBA Gov. Glenn...

The Dow jumps as much as 906 points as investors use 5-year lows as an opportunity to get back into stocks. NEW YORK (CNNMoney.com) -- The Dow rallied as much as 906 points during Tuesday's session, as investors dove back...

Markets opened sharply lower, in line with the Asian peers, on concerns of global economic slowdown. Losses widened as the session progressed and indices spiralled lower. There was dearth of buyers and investors chose to remain on sidelines. Expectations of...

Major stock indexes surged more than 4 percent, including the Dow Jones industrials, which at times jumped more than 400 points. A rebound had been expected at some point after the Dow lost nearly 2,400 points over eight sessions. But...

LONDON (Reuters) – Shares in Asia and Europe fell on Friday, heading for their worst month ever, while the low-yielding yen surged as Japan's interest rate cut failed to erase concerns about the deteriorating global economic outlook. The Bank of...

The Reserve Bank of India (RBI) has cut the short-term lending (repo) rate by 100 BPS to 8 per cent. Finance Minister P Chidambaram said that the repo rate cut is another step to ease liquidity. The Finance minister also...

LANDIKOTAL :Pakistan will vigorously follow up its request to Iran for oil supply on deferred payment to tide over its current economic difficulties in case of a delay or non-availability of the Saudi oil facility, a senior official said on...

The nation's jobless ranks zoomed past 10 million last month, the most in a quarter-century, as piles of pink slips shut factory gates and office doors to 240,000 more Americans with the holidays nearing. Politicians and economists agreed on a...

Merrill Lynch & Co. Chief Executive Officer John Thain said he expects "thousands'' of job losses from the bank's $50 billion takeover by Bank of America Corp. Most of the cuts will fall in information technology, operations and finance, Thain,...